Weitere Kapitel dieses Buchs durch Wischen aufrufen
In this chapter, we provide some concluding remarks and suggest future lines of research. To this end, we briefly summarize the content of the previous chapters and comment extensively on the empirical results of our multi-country versus single-country empirical analysis. These results are put in perspective and contrasted with previous studies on related issues, to stress the contribution this book aims to provide to the Foreign Direct Investment (FDI) literature. Empirical posteriors and theoretical priors are matched, to suggest that our findings are not a mere replica of others’ results, but they rather shed some light on previously neglected sides of the Outward Direct Investment (ODI)-performance nexus. In particular, we show that the positive correlation between ODI and firm performance is a matter of both involvement versus non-involvement in ODI and the type of ODI that a firm undertakes. Being true for China and India as well as for the overall group of BRIC economies—embracing also Brazil and Russia—this is a novel contribution of this book. Clearly, this could not be addressed by previous studies as they were based on a more elementary taxonomy of ODI.
At the end of this chapter, policy implications are derived and carefully discussed.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
Andreff, W. (2015). Outward Foreign Direct Investment from BRIC Countries: Comparing Strategies of Brazilian, Russian, Indian and Chinese Multinational Companies. European Journal of Comparative Economics, 12, 79–131.
Dai, M., & Yu, M. (2013). Firm R&D, Absorptive Capacity and Learning by Exporting: Firm-Level Evidence from China. World Economy, 36, 1131–1145. CrossRef
Du, J., Lu, Y., Tao, Z., & Yu, L. (2012). Do Domestic and Foreign Exporters Differ in Learning by Exporting? Evidence from China. China Economic Review, 23, 296–315. CrossRef
Haidar, J. (2012). Trade and Productivity: Self-Selection or Learning-by-Exporting in India. Economic Modelling, 29, 1766–1773. CrossRef
Javorcik, B., Lo Turco, A., & Maggioni, D. (2017). New and Improved: Does FDI Boost Production Complexity in Host Countries? C.E.P.R. Discussion Papers.
Javorcik, B., & Spatareanu, M. (2009). Tough Love: Do Czech Suppliers Learn from Their Relationships with Multinationals? Scandinavian Journal of Economics, 111, 811–833. CrossRef
Kraay, A. (1999). Exports and Economic Performance: Evidence from a Panel of Chinese Enterprises. Revue d’ Economie du Development, 1, 183–207.
Li, C., & Yin, X. (2010). The “Productivity Paradox” of Chinese Export Firms: Review and Assessment. China Economist, 25, 74–82.
Lu, D. (2012). Exceptional Exporter Performance? Evidence from Chinese Manufacturing Firms. Working Paper University of Rochester.
Ma, Y., Tang, H., & Zhang, Y. (2014). Factor Intensity, Product Switching, and Productivity: Evidence from Chinese Exporters. Journal of International Economics, 92, 349–362. CrossRef
Mallick, S., & Yang, Y. (2013). Productivity Performance of Export Market Entry and Exit: Evidence from Indian Firms. Review of International Economics, 21, 809–824. CrossRef
Park, A., Yang, D., Shi, X., et al. (2010). Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis. Review of Economics and Statistics, 92, 822–842. CrossRef
Sauvant, K. (2011). China: Inward and Outward Foreign Direct Investment. Transnational Corporations Review, 3, 1–4. CrossRef
Van Biesebroeck, J. (2014). Productivity, Exporting and Financial Constraints of Chinese SMEs. IDB Working Paper 506.
Wang, H., Yang, J., & Lai, M. (2009). Export Behaviour and Firm Productivity in China. Journal of Chinese Economic and Business Studies, 7, 409–428. CrossRef
Yang, Y. (2008). The Impact of Exporting on Firm Performance: Evidence from Chinese Firms. London: Queen Mary University of London Mimeo.
Yang, Y., & Mallick, S. (2010). Export Premium, Self-Selection and Learning-by-Exporting: Evidence from Chinese Matched Firms. The World Economy, 33, 1218–1240. CrossRef
- Chapter 6
Neuer Inhalt/© Stellmach, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta, digitale Transformation/© Maksym Yemelyanov | Fotolia